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In it Mr Latham details the economics of producing for Internet distribution versus movies or TV

EXCERPTS:
The realistic ambition is that cable’s going to go away

And you know, we are here now in the early stages of what cable was probably 30 years ago

And in 30 years from now, we will be looked at as the better version of BET, but on the Internet as opposed to cable

Well the revenue comes from the views, and it comes from advertising relationships

And you know, what YouTube was able to do for me is go out and align us with — I don’t think we can announce it yet — but align us with a pretty big advertiser who put pay — who’s going to pay — to be aligned to be with our channel

So we’re going to make money

It’s just I can’t say it yet, but we’re going to definitely make money

I can guarantee you there is no way for them [BET] to stay alive if they’re not looking at a way to also get into this platform

You can’t survive without it

That’s just the way people want it

I mean, cable is too — it takes too long

It’s too slow, believe it or not

I’m a 42-year-old guy, so to me, cable is fine

But I have 14-year-old who tells me cable’s not fine

I go in his room, he has his TV on, but he’s not looking at it

He’s laying on the floor

and he’s just on YouTube, surfing the web constantly all day

That’s what he does

It’s a different era that we’re in

Everyone is going to the Internet

And for me, it’s great — in the industry that I’m in, whether it’s television or film, you have to convince another person that what you’re trying to do makes sense